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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Pancho Villa who wrote (8919)12/26/1997 11:37:00 PM
From: Druss  Read Replies (4) | Respond to of 9285
 
Pancho--Some good pickups on WDRY.
Stuff I have to confess I should have picked up myself. I started checking it and got into the financials and realized I was out of my normal area of research with the tax situations of this company. I could tell there was something fishy going on but decided to ask someone with a better grasp of this sort of company financials. I should have continued with my normal research, I understand insider selling real well. This is beginning to look like some pumping and dumping. The reccomendation was a strong buy, that looked very odd to me for an unprofitable company with such a fierce debt. Thanks for the work and the unintended reminder to check all aspects of my DD.
All the Best
Druss



To: Pancho Villa who wrote (8919)12/27/1997 12:02:00 AM
From: scope  Respond to of 9285
 
Pancho:
No,this is the first class prostitution from CIBC Oppenheimer:
------ NANX.------Another half a point advance and this is going to be a quicky for me. Unlike BFIT, this one should come down as fast as it exploded.



To: Pancho Villa who wrote (8919)2/1/1998 4:47:00 PM
From: Allen Furlan  Respond to of 9285
 
RE WDRY. Six strong ratings,whats going on here? 3 are probably offering brokers I will order prospectus,should be interesting reading. First blush review is that analysts are touts. Earlier on this thread a mention was made of hyping on this stock but the SI thread is dead. Do you have any more info on where hype may be coming from. Also was recent offering a secondary, and if so, when was the IPO? My experience with secondaries is that brokers will defy logic and fundamental value and support stock until they can offload their shares. This short might be 2 months away